In what court did GNC Holdings, Inc. file for bankruptcy, as referenced in the Del Taco FDD?
Del_Taco Franchise · 2025 FDDAnswer from 2025 FDD Document
GNC Holdings, Inc. Bankruptcy (United States Bankruptcy Court, District of Delaware, Case No. 20- 11662). Prior to joining us and our affiliates, Ryan Ostrom, our Chief Brand Officer, was Chief Brand Officer and Steven Piano, our Chief People Officer, was Chief Human Resources Officer of GNC Holdings, LLC (formerly constituted as GNC Holdings, Inc.). While Mr. Ostrom and Mr. Piano were employed by GNC Holdings, Inc., that entity (and certain affiliated entities) filed for Chapter 11 bankruptcy protection on June 23, 2020. The plan of reorganization was confirmed on October 14, 2020. GNC Holdings, Inc. was reorganized as Vitamin OldCo Holdings, Inc. with the principal business address of 300 Sixth Avenue, Pittsburgh, PA 15222, and was later converted to GNC Holdings, LLC. GNC Holdings, Inc., Vitamin OldCo Holdings, Inc., and GNC Holdings, LLC were not at the time of the bankruptcy filing, nor are they now, related in any way to us or our affiliates.
Source: Item 4 — BANKRUPTCY (FDD page 16)
What This Means (2025 FDD)
According to the 2025 Del Taco Franchise Disclosure Document, GNC Holdings, Inc. filed for bankruptcy in the United States Bankruptcy Court, District of Delaware, Case No. 20-11662. This information is disclosed because two of Del Taco's officers, Ryan Ostrom (Chief Brand Officer) and Steven Piano (Chief People Officer), were previously employed by GNC Holdings, LLC (formerly GNC Holdings, Inc.) when it filed for Chapter 11 bankruptcy protection on June 23, 2020.
The plan of reorganization for GNC Holdings, Inc. was confirmed on October 14, 2020, and the company was reorganized as Vitamin OldCo Holdings, Inc., later converting to GNC Holdings, LLC. The FDD emphasizes that GNC Holdings, Inc., Vitamin OldCo Holdings, Inc., and GNC Holdings, LLC were not, and are not currently, related to Del Taco or its affiliates.
This disclosure is included to provide transparency regarding the backgrounds of key personnel at Del Taco and to assure prospective franchisees that the bankruptcy of GNC Holdings, Inc. does not affect Del Taco's financial stability or operations. Franchisees should note that this bankruptcy event is unrelated to Del Taco and serves only as background information on the company's officers.